​​​​​​PPS Personal Pension

The PPS Personal Pension is a retirement annuity (RA) that offers a tax-efficient and cost-effective retirement savings solution, structured from your selection of underlying unit trusts.

The PPS Personal Pension is particularly s​uitable if you are self-employed, have irregular earning patterns or wish to supplement contributions to your corporate retirement plan, as you are able to stop, reduce and resume your RA contributions at any time without penalty. The tax deductibility of your investment contributions and a zero tax rate within the PPS Personal Pension are significant benefits, with the potential to ultimately enhance your overall level of retirement capital.

*The minimum recurring debit order amount if you are under the age of 30 is R200 per month, which should be escalated to the normal minimum of R500 per month after your 30th birthday.

Transfers

Subject to Fund rules, you may transfer your existing retirement annuity fund to the PPS Personal Pension by means of a Section 14 transfer. The rules of the PPS Personal Pension also allow you to transfer your investment from this Fund to another registered retirement annuity, should you wish to do so.

Liquidity

You may retire from the PPS Personal Pension at any stage after your 55th birthday but you may retire sooner if you are permanently disabled due to injury or illness or if the value of your investment is less than R7000. Upon retiring, you may withdraw one third of your capital (of which the first R500 000 will be tax-free), and use the remaining two thirds of the capital to purchase a retirement income from a registered insurer. If the total retirement benefit in the Fund is R247 500 or less,
you may commute the total capital as a lump sum benefit.

Switches

You may change your selection of underlying unit trusts as often as you choose without incurring a transaction fee. However, should an asset manager charge an initial upfront fee for investing into its unit trusts, this fee would be applied should you switch to those unit trusts.

Cessions

A PPS Personal Pension may not be ceded outright or partially, nor may it be used as security for debt.

Taxes

Amounts contributed to pension funds, provident funds and
retirement annuity funds during a tax year are deductible by
members of those funds. The deduction is limited to 27.5%
of the greater of remuneration for PAYE purposes or taxable
income (both excluding retirement fund and severance
benefits). Furthermore, the deduction is limited to a maximum
of R350 000. Any contributions exceeding the limitations
are carried forward to the next tax year and are deemed
to be contributed in that following year. Any unclaimed
contributions may also reduce the taxable amount of a lump
sum taken at withdrawal, retirement or death, and will reduce
the taxable amount of the annuity income upon retirement.
As further tax incentives, the growth on your PPS Personal
Pension does not attract capital gains tax or withholding tax
on dividends. Interest, foreign dividends and rental income are
also currently untaxed.

Regulation-28 compliance

The PPS Personal Pension is required to comply with the Prudential Investment Guidelines of Regulation 28 of the Pension Funds Act and with Exchange Control legislation. As such, you are allowed maximum exposures of 75% of the investment amount to equity investments, 25% to property investments, 30% to international investments and 10% to African investments. This is applied on an individual member level as well as on an overall Fund level.

Board of Trustees

The PPS Personal Pension is governed by an independent Board of Trustees with extensive experience and understanding of retirement fund issues. The Board comprises a Chairman, a professional Principal Officer and several Trustees.

Death benefits

Should you die before you retire, the proceeds of your PPS Personal Pension will be distributed to your dependants or beneficiaries*, who may elect to take the full benefit or a portion as a lump sum and commute the remainder to a living annuity.

*Please note that the allocation to the beneficiaries is at the discretion of the Trustees, based on the Provision of section 37C of the Pension Funds Act, No. 24 of 1956. Your nomination will serve to assist the Trustees in making these decisions, but may not be binding on them.

Once you have selected your solution, you're then able to structure your solution using the carefully constructed or selected funds we have available to you.

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​PPS Funds

Select the option suitable to you

We build diversified funds across managers and strategies to achieve consistent performance over time. Our experienced investment team manages the asset allocation and manager combination of each solution. You just need to select the appropriate multi-managed fund.

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Other Funds

You select from managers on our platform

You choose the appropriate combination of funds from our pre-approved list to construct the solution you want. Our online functionality allows you to manage your overall asset allocation and change the combination of funds at any time.

The PPS Managed Share Portfolio is accessible by intermediated investors only, and is offered as an investment option within PPS Investments' range of retirement funds. The PPS Managed Share Portfolio provides direct access to securities listed on the Johannesburg Stock Exchange (JSE). Managed in conjunction with a selected stockbroking company, this offers unique advantages to discerning, high-net-worth investors who seek personal involvement in managing their savings.

Depending on your preference, there are a few ways you are able to invest with us.

​Invest via an adviser

We always recommend seeking the advice of an experienced and qualified financial adviser to help you set financial goals, save sufficiently for these goals and stick to your investment plans. Should wish to find a PPS Investments accredited adviser, leave your details here and someone will to contact you shortly.

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Invest Now

With the InvestNow functionality, you're able to place new investments, top up existing investments, switch or make withdrawals. And in-app notifications keep you updated on the progress of your transactions. A nifty retirement calculator and access to key documents like tax certificates are added benefits. Click here to use this functionality. ​

Printing and completing an application form

You're also welcome to print the application form and send it to our Validations Team at admin@ppsinvestments.co.za. For any further support, contact our dedicated client service teams are available between 8:00 and 17:00, Mondays to Fridays at 0860 468 777 or clientservices@ppsinvestments.co.za to assist you with your transaction.

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We at PPS Investments are proud of our unique and unmatched business model of “mutuality” in South Africa. Our financial strength and exceptional growth trends inspire a sense of confidence in PPS Investments.